In the realm of H1, price action was able to manage the breakout of the rising trendline. Generally speaking, the pair has been trading sideways, forming a channel in H4 but under a clear bearish momentum in D1.
A sell-limit entry can be placed. In case the pullback can trigger it before continuing its downtrend momentum. The following setup has enough room for a:
S/L: 27 pips - R:R | 1:3 - T/P aiming to support the black dashed line's level.
A sell-limit entry can be placed. In case the pullback can trigger it before continuing its downtrend momentum. The following setup has enough room for a:
S/L: 27 pips - R:R | 1:3 - T/P aiming to support the black dashed line's level.
Trade closed: stop reached
1 out
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FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
facebook.com/ogfxtrader
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.